FLP

Orbital Infrastructure Group Inc. Intends to Enter into Purchase Agreements for the Sale of Front Line Power Construction and Gibson Technical Services and Files for Chapter 11 Protection

Retrieved on: 
Thursday, August 24, 2023

HOUSTON, Aug. 23, 2023 /PRNewswire/ -- Orbital Infrastructure Group Inc. (NASDAQ: OIG) (the "Company"), announced today that it and certain of its subsidiaries (Orbital Solar Services, L.L.C., Orbital Power, Inc., Orbital Gas Systems, North America, and Eclipse Foundation Group, Inc.) have filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). The filing specifically excludes Front Line Power Construction ("FLP") and Gibson Technical Services ("GTS"), which are being sold separately as described below.

Key Points: 
  • The filing specifically excludes Front Line Power Construction ("FLP") and Gibson Technical Services ("GTS"), which are being sold separately as described below.
  • The Company is seeking Bankruptcy Court approval of bidding procedures allowing for the submission of highest and best purchase offers.
  • Under the purchase agreements, successful purchasers will not acquire the Company's other subsidiaries (Orbital Infrastructure Group, Inc., Orbital Solar Services, L.L.C., Orbital Power, Inc., Orbital Gas Systems, North America, Eclipse Foundation Group, Inc.).
  • To provide necessary funding during the Chapter 11 proceeding, the Company has received commitments for two debtor-in-possession ("DIP") financing credit agreements with the FLP Lenders and the GTS Lender.

Veyl Ventures announces new asset purchase and creation of new entity Veyl Wellness Works LLC, dba Nutritio Labs

Retrieved on: 
Monday, July 31, 2023

As a result, the existing manufacturing facility will now be operating under a new entity called Veyl Wellness Works LLC (dba Nutritio Labs), a wholly owned subsidiary of Veyl Ventures.

Key Points: 
  • As a result, the existing manufacturing facility will now be operating under a new entity called Veyl Wellness Works LLC (dba Nutritio Labs), a wholly owned subsidiary of Veyl Ventures.
  • Nutritio Labs will be providing manufacturing services to its own brands and external customers from its Tempe, Arizona based facility.
  • Nutritio Labs will work on building new relationships with vendors and customers to provide industry-leading manufacturing services.
  • “While Nutritio Labs will be manufacturing some of the products within Veyl Ventures portfolio, Veyl will continue to use other co-packers to produce the rest of their products.”
    The manufacturing facility and warehouse is a combined 175,000 square feet.

Western Announces First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023

Results in the first quarter of 2023 reflect more challenging macroeconomic conditions, resulting in lower lumber prices and reduced demand compared to the same period last year.

Key Points: 
  • Results in the first quarter of 2023 reflect more challenging macroeconomic conditions, resulting in lower lumber prices and reduced demand compared to the same period last year.
  • Lumber revenue was $211.0 million in the first quarter of 2023 as compared to $313.9 million in the same period last year.
  • Average stumpage per cubic metre in the first quarter of 2023 was 39% lower compared to the fourth quarter of 2022.
  • Western has recognized $5.0 million in restructuring costs in first quarter of 2023 related to APD.

Jet Linx Raises the Bar as First Company in the Aviation Industry to Achieve the Three Most Elite Safety Ratings

Retrieved on: 
Thursday, April 27, 2023

OMAHA, Neb., April 27, 2023 /PRNewswire/ -- Jet Linx Aviation, the only locally-focused private jet management and Jet Card company in the world, has set a new standard in aviation safety with its newest WYVERN Wingman PRO certification. Adding to existing IS-BAO Stage 3 and ARGUS Platinum Elite top safety ratings, the Company becomes the first and only operator in the aviation industry to receive top ratings from all three major third-party auditors.

Key Points: 
  • Adding to existing IS-BAO Stage 3 and ARGUS Platinum Elite top safety ratings, the Company becomes the first and only operator in the aviation industry to receive top ratings from all three major third-party auditors.
  • "We are immensely proud to have achieved WYVERN Wingman PRO certification," said Jamie Walker, President & CEO of Jet Linx Aviation.
  • Now holding the three most elite safety ratings in aviation, we look forward to continuing to advance our safety programs and encourage the highest safety practices throughout the industry."
  • Jet Linx's WYVERN Wingman PRO certification becomes its third elite safety rating, following its designation as IS-BAO Stage 3 and ARGUS Platinum Elite.

Outlook on the Low Voltage Electric Drives Global Market to 2027 - Automotive Industry is Expected to Boost the Demand - ResearchAndMarkets.com

Retrieved on: 
Monday, July 18, 2022

Consumers expect more from electric vehicles, and increasing the voltage is the simplest approach to improve the power of electric drives.

Key Points: 
  • Consumers expect more from electric vehicles, and increasing the voltage is the simplest approach to improve the power of electric drives.
  • Volabo, an Ansys Startup Program member, proposes a low-voltage electric drive that runs on only 48 volts, a safe-to-touch voltage.
  • The Asia-Pacific Low Voltage Drives market is expected to grow rapidly between 2022 and 2027 as a result of the implementation of energy efficiency rules and rising demand for optimum energy solutions.
  • DC low voltage drives are expected to expand significantly through 2027, owing to rising consumer disposable income and rising urbanization rates, mainly in emerging countries.

Concealed Coalition and Firearms Legal Protection Partner to Offer Peace of Mind in a World at Odds

Retrieved on: 
Thursday, May 12, 2022

HAMMOND, La., May 12, 2022 /PRNewswire/ -- The world has changed. It is no secret that this generation is living in an increasingly dangerous society. Life in America is not the same as it was even a decade ago. Gone are the days of telling kids to come home as soon as the street lights turn on, or simply locking the door before bed. When one turns on the news on any given day, what is shown? Criminals wreaking havoc, and innocent Americans left to fight the legal system when they exercised their right to defend themselves. So how can the average citizen have peace of mind when they live in a world where they are forced to become their own first responder?

Key Points: 
  • It is with great pleasure that Concealed Coalition and FLP announce the Concealed Coalition University Training Curriculum and Self-Defense Legal Protection Bundle, powered by FLP.
  • "Firearms Legal Protection has been providing the best legal protection for years, but now we are excited to offer something more.
  • Firearms Legal Protection provides uncapped legal defense for its members who use a firearm (or any legal weapon) in self-defense or the defense of others.
  • All Firearms Legal Protection members receive legal protection against Red Flag laws, and are provided access to webinars, product discounts, and more.

Orbital Energy Group, Inc. Announces Acquisition of Front Line Power Construction LLC

Retrieved on: 
Wednesday, November 17, 2021

"Front Line Power is the ideal acquisition to serve as our electric power infrastructure platform and to profitably build revenues both organically and through synergistic acquisitions going forward.

Key Points: 
  • "Front Line Power is the ideal acquisition to serve as our electric power infrastructure platform and to profitably build revenues both organically and through synergistic acquisitions going forward.
  • Orbital Energy Group, Inc. (Nasdaq: OEG) is creating a diversified energy services platform through the acquisition and development of innovative companies.
  • Orbital Energy's group of businesses includes Orbital Power Services, Orbital Solar Services, Orbital Telecom Services and Orbital Gas Systems.
  • Orbital Power Services provides engineering, construction, maintenance and emergency response solutions to the power, utilities, and midstream markets.